| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Buy | Neutral | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇗ | ⇗ | ⇒ |
Upside risks have dominated the Light crude oil price since the beginning of June. The LIGHT.CMD/USD pair breached the 73.00 level during this week's trading sessions.
All things being equal, the commodity could continue to trend bullish during the following trading sessions. A breakout through the upper boundary of an ascending channel pattern could occur.
However, if the channel pattern holds, a decline towards the weekly support level at 69.07 could be expected within the following trading days.